Loomis Sayles & Co. L P Has $1.01 Billion Stake in Deere & Company (DE)

Loomis Sayles & Co. L P grew its stake in Deere & Company (NYSE:DE) by 2.1% during the third quarter, HoldingsChannel.com reports. The fund owned 6,750,728 shares of the industrial products company’s stock after acquiring an additional 141,869 shares during the quarter. Deere & Company comprises about 2.0% of Loomis Sayles & Co. L P’s holdings, making the stock its 16th largest position. Loomis Sayles & Co. L P’s holdings in Deere & Company were worth $1,014,837,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its stake in Deere & Company by 2.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,344,605 shares of the industrial products company’s stock valued at $187,976,000 after purchasing an additional 29,532 shares during the last quarter. NumerixS Investment Technologies Inc grew its stake in Deere & Company by 56.3% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 7,500 shares of the industrial products company’s stock valued at $1,046,000 after purchasing an additional 2,700 shares during the last quarter. Atria Investments LLC grew its stake in Deere & Company by 14.4% during the 3rd quarter. Atria Investments LLC now owns 7,430 shares of the industrial products company’s stock valued at $1,117,000 after purchasing an additional 935 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Deere & Company by 6.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 249,702 shares of the industrial products company’s stock valued at $34,908,000 after purchasing an additional 14,426 shares during the last quarter. Finally, Marco Investment Management LLC grew its stake in Deere & Company by 16.6% during the 2nd quarter. Marco Investment Management LLC now owns 7,482 shares of the industrial products company’s stock valued at $1,046,000 after purchasing an additional 1,065 shares during the last quarter. Institutional investors and hedge funds own 65.54% of the company’s stock.

In related news, CFO Rajesh Kalathur sold 11,133 shares of the company’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $151.47, for a total value of $1,686,315.51. Following the completion of the transaction, the chief financial officer now owns 42,244 shares of the company’s stock, valued at approximately $6,398,698.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.74% of the company’s stock.

Several research firms have weighed in on DE. UBS Group set a $177.00 price target on Deere & Company and gave the company a “buy” rating in a research note on Friday, November 23rd. Robert W. Baird set a $165.00 price target on Deere & Company and gave the company a “buy” rating in a research note on Friday, November 23rd. Zacks Investment Research reiterated a “hold” rating on shares of Deere & Company in a research note on Tuesday, November 13th. Argus boosted their price target on Deere & Company to $166.00 and gave the company a “buy” rating in a research note on Tuesday, November 27th. Finally, William Blair reissued a “hold” rating on shares of Deere & Company in a report on Friday, November 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $176.61.

Shares of DE stock opened at $154.88 on Monday. The stock has a market capitalization of $49.82 billion, a PE ratio of 16.49, a P/E/G ratio of 1.50 and a beta of 0.99. The company has a quick ratio of 1.67, a current ratio of 1.92 and a debt-to-equity ratio of 2.41. Deere & Company has a 52-week low of $128.32 and a 52-week high of $175.26.

Deere & Company (NYSE:DE) last released its quarterly earnings results on Wednesday, November 21st. The industrial products company reported $2.30 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.14). The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.59 billion. Deere & Company had a return on equity of 29.61% and a net margin of 6.34%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 EPS. As a group, equities research analysts expect that Deere & Company will post 11.48 earnings per share for the current fiscal year.

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Deere & Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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Institutional Ownership by Quarter for Deere & Company (NYSE:DE)

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